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Dec 10, 2013
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he will need some tax increases. will you help the president now that we're in a new era looking for the grand bargain? >> this has tax increases. >> they call them fees. >> people in kansas will pay more money to washington and they know how that works. they had a big tax inl crease last january. the problem is spending. this deal raises spending at the end of the day. >> we are, we're very low. we did, we came up a little bit, not a whole lot. we're in a new era. there could be another bipartisan deal that could be more to your liking for deficit reduction. you and i both know, you will have to accept some tax releases. are you willing to get the debt off the backs. your kids? are you willing to compromise or whatever the word is with this president? >> this deal does not help the economy. we need a growing economy. we need less regulations and we haven't even talked about the president's health care plan. you have to roll back on something. >> i have to say that continuing with this sequester, this austerity budge
he will need some tax increases. will you help the president now that we're in a new era looking for the grand bargain? >> this has tax increases. >> they call them fees. >> people in kansas will pay more money to washington and they know how that works. they had a big tax inl crease last january. the problem is spending. this deal raises spending at the end of the day. >> we are, we're very low. we did, we came up a little bit, not a whole lot. we're in a new era. there...
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Dec 3, 2013
12/13
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we have a cook county tax, city tax, an epa tax and a variable state tax that is as high as the price of gasoline goes, the higher the price of the taxes. you have to put a stop to the madness and just raising raisine federal tax, it's going to kick consumers in the teeth who are already struggling from higher healthcare cos, uncertain job market, and now late rates the gas taxes. nothing that hurts the american consumer more than higher gas taxes. i'm the first guy who hears about it when tax goes up. >> let's find out where it went and if it's not enough, we can allocate every penny. have at it. but it's wrong. >> thank you very much. again, folks, this comes down to -- take it from the geeks here at fox. money in and money out. we're getting a lot of money coming into the country, a lot of it from all sorts of folks, including you. so the problem is not all the money coming in, it's all the money going out. this is endem nick of what is wrong in the country. we're big on proposing more money to throw at problems but never looking at the money we have already thrown at that problem.
we have a cook county tax, city tax, an epa tax and a variable state tax that is as high as the price of gasoline goes, the higher the price of the taxes. you have to put a stop to the madness and just raising raisine federal tax, it's going to kick consumers in the teeth who are already struggling from higher healthcare cos, uncertain job market, and now late rates the gas taxes. nothing that hurts the american consumer more than higher gas taxes. i'm the first guy who hears about it when tax...
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Dec 10, 2013
12/13
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taxes on past tickets don't matter. ual. >> mike murphy. >> petro pbr, run from 14 to 19 and pulled back here recently around the 14 level again. >> dr. j what do you see? >> facebook, unusual activity. they rolled up from the 45s to the 50s in january, watch this one, judge. >> watching that and you're watching "power" right now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >> gentlemen, thank you very much. crisis over, our call. steve liesman reporting the fed is likely to begin tapering next week. d.c. close to a budget deal, new regulations in place for wall street, and new dawn for the big banks. the government out of gm and europe is stabilizing. we're going to have playbook on how you should play it. what do these gentlemen think about it? a rare and exclusive interview with the co-ceo of the private equity giant carlyle group and exclusive with time
taxes on past tickets don't matter. ual. >> mike murphy. >> petro pbr, run from 14 to 19 and pulled back here recently around the 14 level again. >> dr. j what do you see? >> facebook, unusual activity. they rolled up from the 45s to the 50s in january, watch this one, judge. >> watching that and you're watching "power" right now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now....
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Dec 6, 2013
12/13
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trace gallagher has the story. >> reporter: the tax is called a reinsurance fee. it's on nearly every health plan for the first three years, meant to raise about $25 billion over the three years to help pay for people with pre-existing conditions. if the change is approved nobody would be exempt next year. in 2015 and 2016 groups that act as their own insurance companies and their own claims processors would be exempt to unions that self-insure would greatly benefit. republican senator orin hatch says it certainly looks like the obama administration is looking at a special deal for unions which is deeply concerning given the problems that all americans are facing due to obama care. now the unions argue this is not aimed at them. it's not nearly enough. the laborers union says, again quoting, as the new regulations offer no substantive relief for our health care plan the laborers union will continue to look for opportunities to fix this egregious tax on our members and their families. remember, the unions fought to help the president get elected and fought to pass
trace gallagher has the story. >> reporter: the tax is called a reinsurance fee. it's on nearly every health plan for the first three years, meant to raise about $25 billion over the three years to help pay for people with pre-existing conditions. if the change is approved nobody would be exempt next year. in 2015 and 2016 groups that act as their own insurance companies and their own claims processors would be exempt to unions that self-insure would greatly benefit. republican senator...
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Dec 9, 2013
12/13
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people, young people today, know that their concern is not the tax rate that they're going to pay as they get older. their concern is getting a job at all. and getting some relief from what wall street has engineered. this incredibly unfair debt burden. and it's no accident that the board of third way is comprised of wall street bankers and that the policies they are pushing are privatization of social security, lower taxes for the very, very rich, and no relief, no common sense relief, for example, like the proposal before congress now to allow students to refinance their student loan debt the same way homeowners refinance their mortgage. i mean, just common sense, reasonable policies for people who don't have a lot of money. and that's where millennials and gen xors are. >> john fugelsang, it seems we can now find the moderate republicans in the third way. >> well, i think you're right. and i'm always moderately shocked when moderate democrats say the party needs to be more moderate. i'm not a democrats but republicans do keep forcing me to vote for the party. and watching this is
people, young people today, know that their concern is not the tax rate that they're going to pay as they get older. their concern is getting a job at all. and getting some relief from what wall street has engineered. this incredibly unfair debt burden. and it's no accident that the board of third way is comprised of wall street bankers and that the policies they are pushing are privatization of social security, lower taxes for the very, very rich, and no relief, no common sense relief, for...
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Dec 10, 2013
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taxes and health care. it made no difference. >> if you do -- i know you don't -- but you know that obama care's at 57%. >> forget it. >> if that was the issue, it was just obama care, you wouldn't have gotten 51%. but what elected -- what spawned the tea party, what spawned that 2010 route was the way the democrats passed obama care where you took 20% of the economy without a single republican vote. you even lost ted kennedy's seat in the process as it was happening, had to do reconciliation. it was ugly, that's why we're sitting here in this poisonous atmosphere. and look what we're dealing with with obama care. do you think you should have done it that way? >> but the fact of the matter is, we were also in the deepest recession anyone here has experienced. >> can i ask one question? >> which leads to anger and fear and reaction against all of those that they felt responsible had to put them in that trick bag. >> we are up against a hard break with the commercial. but, leader, would you stay for the next
taxes and health care. it made no difference. >> if you do -- i know you don't -- but you know that obama care's at 57%. >> forget it. >> if that was the issue, it was just obama care, you wouldn't have gotten 51%. but what elected -- what spawned the tea party, what spawned that 2010 route was the way the democrats passed obama care where you took 20% of the economy without a single republican vote. you even lost ted kennedy's seat in the process as it was happening, had to...
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Dec 3, 2013
12/13
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i think what will happen when you get to year end, a lot of muni funds will be pressured more, tax law selling -- >> lots. >> you'll do okay buying these funds at a discount. >> we won't necessarily see that pressure from the broader market, certainly. people maybe the last couple of years, any harvest, time is running out. >> there's still lots of things to harvest this year. lots of munis you can swap out of. munis are out. those are good places to swap into a different fund if you need to. take the loss, put it in your pocket if you don't need it and carry it forward. tax law accounting is huge in investing. >> we've been out of the muni market for the past 14 to 15 months when munis started getting back over 5% we've been a buyer. we've been aggressively buying municipal bonds. >> rob morgan any opinion on that before we go, quickly? >> absolutely. i think having a portfolio for individual investor tilted more toward short end and rising rate environment makes sense. i think detroit bankruptcy spells trouble more for retirees on pension plans more for than muni bond investors. >> a
i think what will happen when you get to year end, a lot of muni funds will be pressured more, tax law selling -- >> lots. >> you'll do okay buying these funds at a discount. >> we won't necessarily see that pressure from the broader market, certainly. people maybe the last couple of years, any harvest, time is running out. >> there's still lots of things to harvest this year. lots of munis you can swap out of. munis are out. those are good places to swap into a...
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Dec 9, 2013
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tax because he raises honeybees' he qualifies for the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the middle-class is harmed but then you rob those anti-poverty programs by calling yourself a former? that is the hypocrisy that is frustrating to e why i wrote the book calling of these people on their duplicity. john: one final example some of the activists are so eager to promote anti- capitalist they glamorize people like bill ears -- bill ayers they killed people and bombed buildings and obama held a fund-raiser in bill ayers living room so robert redford came out with a movie based on the weather underground that the terrorists are on the run. >> we'd never be trade any of us all these years. >> i
tax because he raises honeybees' he qualifies for the honeybee subsidy. bruce springsteen owns hundreds of acres of land but pays little tax because a an organic farmer works his land his pour neighbors pay more. >> i don't get anybody trying to lower taxes but bonn jovi and springsteen publicly supporting for obama holding rallies but then cry tax cuts for their riches and they robbed of poverty programs and a social contract with america being destroyed the middle-class is harmed but...
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Dec 7, 2013
12/13
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. >> she was told you need a license to help people with taxes. >> free enterprise is at stake. >> this man after selling t-shirts here for 30 yyars was told you must stop. this is just the rules from friday, december 16th. tiny fine print here. >> yep. >> every day is another book. and you have to know everything in here or you can go to jail? >> that's right. here i am a constitutional lawyer and i have no idea what is in these books. >> each and every one of these is incomprehensible. >> and unnecessary. i flip open this book, this is department of energy regulations on the formula for determining the energy efficiency of a commercial ice maker. somebody that runs a bar or restaurant can go to the manufacturer, say give me an ice maker. if it works, the market says what's the best -- >> we don't need reviews. >> we don't need the federal government printing mathematical formulas, requiring everybody to conform to this sort of bizarre bureaucratic standard. >> i keep every day getting more of this stuff. >> and it doesn't go away. >> like a disease. like a mold. seeps through slowly a
. >> she was told you need a license to help people with taxes. >> free enterprise is at stake. >> this man after selling t-shirts here for 30 yyars was told you must stop. this is just the rules from friday, december 16th. tiny fine print here. >> yep. >> every day is another book. and you have to know everything in here or you can go to jail? >> that's right. here i am a constitutional lawyer and i have no idea what is in these books. >> each and...
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Dec 4, 2013
12/13
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let me start with a low-hanging fruit, tax benefits. the hope scholarship tax credit used to limit $120,000 in family income. that is the 80th percentile nationally. the obama administration which i worked 10 extended the higher education tax benefits for -- markedly and i think that is then a laudable accomplishment but it also increased the income level at which people can get an american opportunity tax credit formerly hope all the way up to $80,000 away from the 80th percentile to the 95th percentile. why are we providing tax benefits and that some $7 billion a year to folks in the top income quintile. why is it that mitt romney -- i have three, 529's but why can mitt romney get tax benefits attached to it when he is students need of pell grants? closer to an attack site but i think there are others in the committee's jurisdiction. >> that is an interesting concept and we may follow up with you. the other is financial incentives to borrowers that have ffel loans to get them to convert their debt to a direct loan on that basis. have
let me start with a low-hanging fruit, tax benefits. the hope scholarship tax credit used to limit $120,000 in family income. that is the 80th percentile nationally. the obama administration which i worked 10 extended the higher education tax benefits for -- markedly and i think that is then a laudable accomplishment but it also increased the income level at which people can get an american opportunity tax credit formerly hope all the way up to $80,000 away from the 80th percentile to the 95th...
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by taxes on banks and funds managing assets of banks which went bust during the two thousand and eight financial crisis so they're actually taking it from the people who caused the crisis and that are still there own by foreign creditors right so the icelandic government made the simple question of cause and effect you had a parasitic group of bankers who stole lots of money and then want to hiding in places like london to escape the long arm of the icelandic law and now they're figuring that you know what these are the people that stole the money let's put the money back to the people that got victimized by financial terrorists in iceland and that's how they're dealing with the problem but and they in britain though they still they still basically lionize financial terrorism osborne and cameron pray on their little maps every day to financial jihadi and they pray to to go wherever they pray to the market fundamentalist god that these financial jihad is continue to destroy the economy or as i slammed apparently the leadership there does in fact have a brain well here in the u.k. they'v
by taxes on banks and funds managing assets of banks which went bust during the two thousand and eight financial crisis so they're actually taking it from the people who caused the crisis and that are still there own by foreign creditors right so the icelandic government made the simple question of cause and effect you had a parasitic group of bankers who stole lots of money and then want to hiding in places like london to escape the long arm of the icelandic law and now they're figuring that...
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Dec 4, 2013
12/13
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he will tax if he decides to and write regulations if he decides to. and he will decide the constitution if he decides to. we're down to that. >> there is no appetite for that. the american people have to rise up. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never been stronger. so when coverage really counts, count on nationwide insurance. because what's precious to you is precious to us. ♪ love, love is strange just another way we put members first. because we don't have shareholders. join the nation. ♪ baby... ♪ nationwide is on your side ♪ >>> it's time for mistletoe and holly. >>> well, new developments tonight in the story of the 11-year-old girl told she cannot sell hand-picked mistletoe at a portland, oregon park. trace gallagher at the west coast news with details. >> reporter: you know, megyn, madison just got
he will tax if he decides to and write regulations if he decides to. and he will decide the constitution if he decides to. we're down to that. >> there is no appetite for that. the american people have to rise up. bp supports nearly 250,000 jobs here. through all of our energy operations, we invest more in the u.s. than any other place in the world. in fact, we've invested over $55 billion here in the last five years - making bp america's largest energy investor. our commitment has never...
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Dec 6, 2013
12/13
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it seems like rahm emanuel is going to have issues regarding property taxes and raising property taxes, because they have a pretty big gaping deficit hole. do you have any advice or any issues that you think we can learn from on how you negotiate on a state level with respect to rahm emanuel on a city level? >> i think it is important to negotiate, to sit down with everyone, and we did. ultima ultimately, you put together a solution, and sometimes folks don't agree, but it has to be done for the common good, the everyday taxpayer, the person that gets up, raising kids, we want to make sure they come first. >> i tell you what. i recently governored the governors estate, my daughter had big shows, and always like in the haunted mansion, where the pictures are hung, the paint's a different color. we've had so many governors from otto to ryan to blagojevich, where they're taking these and leaving the mark. governor, i'm sure your picture will stand for a long time. >> all right. thank you. >> let's get to dominic chu. >> look at barnes & noble, because there's reports now that the s.e.c. i
it seems like rahm emanuel is going to have issues regarding property taxes and raising property taxes, because they have a pretty big gaping deficit hole. do you have any advice or any issues that you think we can learn from on how you negotiate on a state level with respect to rahm emanuel on a city level? >> i think it is important to negotiate, to sit down with everyone, and we did. ultima ultimately, you put together a solution, and sometimes folks don't agree, but it has to be done...
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p on the final days of the fiscal year. >> total for the year the department spent 450,000 dollars, tax payer dollars or alcohol. where they trying to spend the money in the budget to prevent congressional cuts in the future? >> the state department, i had an opportunity to travel to many of them, there's a lot of entertaining that goes on a lot of ir responsibility. >> you are missing the point. the whole point is how can you ever cut spending if the entire ethic of government is to spend your allocation before the time runs out. >> is the government's booze budget careless spending or the cost of doing business? send us a note on foxfriendsfirst@foxnews.com. >> be have hinterested to hear people have to say. it is 18 after the top of the hour. extreme measures after one of the worst's animal attacks in the state's history. >> they are putting up all of the beautiful christmas lights in one city. now local lawmakers are playing scrooge. >> a florida woman recovering in it the hospital the morning after what is being called the most serious bear attack in the state's history. she was wa
p on the final days of the fiscal year. >> total for the year the department spent 450,000 dollars, tax payer dollars or alcohol. where they trying to spend the money in the budget to prevent congressional cuts in the future? >> the state department, i had an opportunity to travel to many of them, there's a lot of entertaining that goes on a lot of ir responsibility. >> you are missing the point. the whole point is how can you ever cut spending if the entire ethic of...
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Dec 10, 2013
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of people are focused on taxes. they have had a good year and they want to harvest any tax losses. fortunately we haven't had a lot of those. they are very focused on tax planning and what to do going forward. our view has been we still like the market. but we still might present some of our exposure and hedge fund and other asset classes. >> what you make of the vulgar rule?- of the volcker >> our clients are not talking about it. i think this is a wall street phenomenon and the news media 20 carry it. probably, if history is our guide, they will over regulate and make some adjustments over time. but i think the concept of the full parole is good for the markets. >> you think -- of the volcker role promotes the markets. -- is good for the markets. >> you think it promotes stability? >> i think it makes it more stable and we have to make sure the banks and big financial institutions do not trade against clients. it is one thing to provide liquidity and another thing to trade against clients. perhaps before the regul
of people are focused on taxes. they have had a good year and they want to harvest any tax losses. fortunately we haven't had a lot of those. they are very focused on tax planning and what to do going forward. our view has been we still like the market. but we still might present some of our exposure and hedge fund and other asset classes. >> what you make of the vulgar rule?- of the volcker >> our clients are not talking about it. i think this is a wall street phenomenon and the...
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Dec 3, 2013
12/13
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a lot of states want to tax online sales. right now amazon pays its affiliates and i'm only saying amazon because they're the biggest and there's not sales tax collected. brick and mortar mom and pop are saying this is unfair. our prices are higher because we've got to pay sales tax. so the supreme court is saying states, you decide. it upholds a new york ruling arouing sales tax to be collected. california, colorado, a number of other states are on board with internet sales taxes trying to even that playing field, if you will. so there you go. by the way, last story which i don't have time for, applebee's, tablets on all tabletops. so in other words, you order, pay, kids play games. with drones, tablets and self check-in flights and hotels, humans are becoming irrelevant. >> let's have as little interaction as a species as possible. i'm going to say good-bye to you -- >> this is not even me. it's a fake hologram. >> i knew it wasn't possible for a real human being to be that handsome. look, i finally shut him up. >>> the lis
a lot of states want to tax online sales. right now amazon pays its affiliates and i'm only saying amazon because they're the biggest and there's not sales tax collected. brick and mortar mom and pop are saying this is unfair. our prices are higher because we've got to pay sales tax. so the supreme court is saying states, you decide. it upholds a new york ruling arouing sales tax to be collected. california, colorado, a number of other states are on board with internet sales taxes trying to...
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Dec 9, 2013
12/13
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the "washington post" says the plan would not reduce the nation's $17 trillion debt, close tax loopholes, or change health care and retirement programs. the deal is expected to be completed later this week. >>> asian markets got a list from strong export numbers in china and a sliding yen. tokyo's nikkei added more than 2% for its best one-day gain in three months. hong kong's hang seng gained a quarter percent. >>> the stock market could get a jolt this week as more ompanies are expected to announce lower than expected quarterly earnings. the dow finished 198 points higher on friday driven by four months of consecutive job gains. gains. the nasdaq gained more than 29 points. >>> fed officials expect continued improvement in the nation's economy in the next year. the feds have repeatedly criticized the program. the new york times says the plan to cut the bond buying program could come next week. >>> gasoline prices are moving higher. the average price of a gallon of regular nationwide increased 3 cents over the past two weeks to $3.28. the lundberg survey says prices at the pump have ris
the "washington post" says the plan would not reduce the nation's $17 trillion debt, close tax loopholes, or change health care and retirement programs. the deal is expected to be completed later this week. >>> asian markets got a list from strong export numbers in china and a sliding yen. tokyo's nikkei added more than 2% for its best one-day gain in three months. hong kong's hang seng gained a quarter percent. >>> the stock market could get a jolt this week as more...
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Dec 7, 2013
12/13
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the revenues have come in, in part, because of the tax hikes which created less damage. the fact is washington getting out of the way is a pre-condition for the private sector. >> i'll let austan weigh in on that. 92,000 federal jobs lost overall this year. do you think washington in action and sequester is hurting holding back the growth? >> it is holding back the growth. i thought it would hold back growth more than it did. i think most of the private sector who look at the economy for 2013 say that the austerity and the fiscal drag cut at least one point or almost two points off the system. i think austerity did not help the growth rate. >> i figured you would be opposite sides of the fence. >> 1% of the 1.5% is the tax hike. 1% of the drag this year out of the 1.5. >> i agree with that. >> meantime, signs this week that maybe i don't know, maybe the bailout -- automakers may be worth it. gm and chrysler, double digit numbers. treasury department planning to sell the last of its stock in gm by the end of the year. so interesting to me. do you think this proves what wa
the revenues have come in, in part, because of the tax hikes which created less damage. the fact is washington getting out of the way is a pre-condition for the private sector. >> i'll let austan weigh in on that. 92,000 federal jobs lost overall this year. do you think washington in action and sequester is hurting holding back the growth? >> it is holding back the growth. i thought it would hold back growth more than it did. i think most of the private sector who look at the...
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by taxes on banks and funds managing assets of banks which went bust during the two thousand and eight financial crisis so they're actually taking it from the people who caused the crisis and that are still there own by foreign creditors right so the icelandic government made the simple question of cause and effect you had a parasitic group of bankers who stole lots of money and then want to hiding in places like london to escape the long arm of the icelandic law and now they're figuring that you know what these are the people that stole the money let's put the money back to the people that got victimized by financial terrorists in iceland and that's how they're dealing with the problem but in the in britain though they still they still basically lionize financial terrorism osborne and cameron prey on their little maps every day to financial jihadi and they prayed to go wherever they prayed to the market fundamentalist god that these financial jihad these continue to destroy the economy or as i slammed apparently the leadership there does in fact have a brain well here in the u.k. they
by taxes on banks and funds managing assets of banks which went bust during the two thousand and eight financial crisis so they're actually taking it from the people who caused the crisis and that are still there own by foreign creditors right so the icelandic government made the simple question of cause and effect you had a parasitic group of bankers who stole lots of money and then want to hiding in places like london to escape the long arm of the icelandic law and now they're figuring that...
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Dec 10, 2013
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something like $300 billion in tax revenue, you know, to support government at all levels. and an incredible -- something like a 700% return on investment. and think about the things we spend money on, ed. think about -- to put in perspective, people talk about $10 billion. what an investment, what a return on investment. we're fighting two wars right now. we're spending something like $1.2 trillion a year on those wars. what's the return there? we're spending on foreign aid $30 billion a year. $30 billion annually. and we're talking about a one-time $10 billion investment in the auto industry that is reverberating around this country. what does it mean for lansing? we're outing out one of the best cars in the world, the cadillac cts, motor trend car of the year. we gave these people, these workers, an opportunity to do what they do best, which is to make tremendous products, they're in demand, all across the world. >> leo, gerard, what would it mean for manufacturing if mitt romney had gotten his way? what would be our story tonight? >> ed, the story would have been that m
something like $300 billion in tax revenue, you know, to support government at all levels. and an incredible -- something like a 700% return on investment. and think about the things we spend money on, ed. think about -- to put in perspective, people talk about $10 billion. what an investment, what a return on investment. we're fighting two wars right now. we're spending something like $1.2 trillion a year on those wars. what's the return there? we're spending on foreign aid $30 billion a year....
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by taxes on banks and funds managing assets of banks which went bust during the two thousand and eight financial crisis so they're actually taking it from the people who caused the crisis and that are still there own by foreign creditors right so the icelandic government made a simple equation of cause and effect you had a parasitic group of bankers who stole lots of money and then want to hiding in places like london to escape the long arm of the icelandic law and now they're figuring that you know what these are the people that stole the money let's put the money back to the people that got victimized by financial terrorists in iceland and that's how they're dealing with the problem but are they in britain though they still they still basically lionize financial terrorism osborne and cameron prey on their little maps every day to financial jihadi and they pray to whoever they pray to the market fundamentalists god that these financial jihad these continue to destroy the economy whereas i slammed apparently the leadership there does in fact have a brain well here in the u.k. they've k
by taxes on banks and funds managing assets of banks which went bust during the two thousand and eight financial crisis so they're actually taking it from the people who caused the crisis and that are still there own by foreign creditors right so the icelandic government made a simple equation of cause and effect you had a parasitic group of bankers who stole lots of money and then want to hiding in places like london to escape the long arm of the icelandic law and now they're figuring that you...
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that we don't raise taxes at a time when the economy is still weak and i think we can accomplish that the next couple of days. >> congressman chris van hollen says he puts the chances of a deal at 50-50 and that any cuts to federal employees' pensions would be a deal breaker, at least for him. >> you cannot be asking federal employees to bear the share of the burden that they're asking for here as part of an agreement when you're not asking, for example, agribusinesses that get huge taxpayer subsidies to have a contribution. >> of course he has a slew of federal employees in his district. joining me now dnc congresswoman debbie wasserman schultz of florida. thanks for being here. now, the "washington post" quotes the head of a bipartisan think tank that this could be declared a victory is an indicator of how low the process has sunk. they haven't really done anything except avoid another crisis. and so i guess for me is are we just doing another version of kicking the can down the road or is there some sort of potential detente between the two parties when it comes to the budget? >> i
that we don't raise taxes at a time when the economy is still weak and i think we can accomplish that the next couple of days. >> congressman chris van hollen says he puts the chances of a deal at 50-50 and that any cuts to federal employees' pensions would be a deal breaker, at least for him. >> you cannot be asking federal employees to bear the share of the burden that they're asking for here as part of an agreement when you're not asking, for example, agribusinesses that get huge...
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we entered all my tax info and income and stuff and i was pleasantly surprised. >> reporter: erin is 43 and has had some recent health issues. for obamacare to succeed, millions of young healthy americans will need to enroll to offset the costs of consumers like erin. president obama asks for help today at a white house youth summit. >> i'm going to need you all to spread the world about how the affordable care act really works, what its benefits are, what its protections are and, most importantly, how people can sign up. >> reporter: one lingering and significant problem with obamacare remains: accurate consumer data in many cases is not reaching insurance companies. late today, scott, the administration and top figures in the insurance industry said they are working together on a technological fix. >> pelley: major, thank you. the numbers are improving for home sales again. the government reported today that sales of new homes in october jumped more than 25%. that was the biggest monthly gain since 1980. thieves stole a truck carrying radioactive material. how can it be? synthetic
we entered all my tax info and income and stuff and i was pleasantly surprised. >> reporter: erin is 43 and has had some recent health issues. for obamacare to succeed, millions of young healthy americans will need to enroll to offset the costs of consumers like erin. president obama asks for help today at a white house youth summit. >> i'm going to need you all to spread the world about how the affordable care act really works, what its benefits are, what its protections are and,...
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Dec 9, 2013
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the federal government is more taxes and more regulation. we will have the other states. >> we will sell 16 million automobiles. we have 950,000 housing starts. >> next year is going to be the year that it is not that eeoc siting and it's time to be more of an opera player. find the stocks that have a great story, something behind them and allocate your money there. the beta is challenging there. it's hard to move up a lot. they are highly complimentary. we are keeping all the airplanes and all the people. supply should be on change. >> guy? >> talked about this last week. you overlay a honey well chart and you will see the outperformances there. although it has had a meteoric rise, i think that honeywell is interesting. >> i'm long ge. i think they have major exposure. the entire u.s. economy is on trend. to say that we're just trying to get over the trauma here and some of the data is already there. >> will the snow and ice keep shoppers at home or will they bare the elements. dan, always good to see you. what have you seen so far? we have
the federal government is more taxes and more regulation. we will have the other states. >> we will sell 16 million automobiles. we have 950,000 housing starts. >> next year is going to be the year that it is not that eeoc siting and it's time to be more of an opera player. find the stocks that have a great story, something behind them and allocate your money there. the beta is challenging there. it's hard to move up a lot. they are highly complimentary. we are keeping all the...
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Dec 9, 2013
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swee not have another government shutdown, that we keep the spending caps in place, we don't raise taxes at a time when the economy is still weak. >> they have to agree on a defense spending bill and the farm bill which includes cuts to food stamp benefits. the timeline is get this done, just got shorter as some are traveling to nelson mandela's funeral this weekend. >> just when you thought the coined shopping days were behind us turns out today is green monday. that term was coined by silicon valley based ebay back in 2007, after the company saw a big increase in online shopping the second week of december which is where we are now. last year online shoppers spent more than a billion dollars on green monday and they could break that this year. analysts predict another round of discounts raging from 30% to 50%. this morning several bay area based tech giants like apple, google and facebook call on president obama and congress to overhaul surveillance laws. we turn to mary thompson live at cnbc world headquarters. good morning. >> good morning to you. we're taking a look at the futures,
swee not have another government shutdown, that we keep the spending caps in place, we don't raise taxes at a time when the economy is still weak. >> they have to agree on a defense spending bill and the farm bill which includes cuts to food stamp benefits. the timeline is get this done, just got shorter as some are traveling to nelson mandela's funeral this weekend. >> just when you thought the coined shopping days were behind us turns out today is green monday. that term was...
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Dec 10, 2013
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that was completely tax driven. we reverse ad deferred tax asset last year. our pretax income is actually up 150%. and the market has recognized that. that is just a headline you're talking about. it is no reflection on our business. we're actually way up over 2012. david: bob schiller, the smart nobel prize-winning economist who focuses so much on real estate has expressed worries. he is not convinced this is happening but expressed some concern whether there is another bubble in the real estate market but also the stock market. but in real estate specifically, have you seen any signs of that at all? i mean you're able to track who your buyers are, what their interests are. you mentioned people, second, third, fourth homebuyers. but do you see any bubble at all in the market? >> no. remember when the bubble hit this country was building two million new homes a year. every blackjack dealer in las vegas was buying three houses. mortgage underwriting was way too easy. today we're at 900,000 new homes per year. we're way below the historic average of 1.5 million
that was completely tax driven. we reverse ad deferred tax asset last year. our pretax income is actually up 150%. and the market has recognized that. that is just a headline you're talking about. it is no reflection on our business. we're actually way up over 2012. david: bob schiller, the smart nobel prize-winning economist who focuses so much on real estate has expressed worries. he is not convinced this is happening but expressed some concern whether there is another bubble in the real...
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if you gone out and said people who voted for me i'm going to raise your taxes by $1,000, $2,000. people making 25, $30,000 right out of college. effectively by making them pay more for healthcare is that tax increase. >> a lot not happy with the nsa surveillance. >> younger voters more skeptical of government surveillance it seems. division that a lot of people hadn't heard of edward snowden and evenly split whether he was a patriot or traitor among those who had heard of him. >> what does this mean to the democratic party? people unhappy with the president and unhappy with obamacare and don't like the nsa. are they moving to the republican party or independent or are they just staying home. >> biggest increase is independents. that's still bad news for the democrats. they need the base to turn out in 2014 and 2016. if they're dase luciened. right now young voters are more disillusioned than they were in 2009 before the historical republican wave in 2010. it's looking bad for the democrats right now. >> are the democrats worried about this? do they seem -- see this as a real thre
if you gone out and said people who voted for me i'm going to raise your taxes by $1,000, $2,000. people making 25, $30,000 right out of college. effectively by making them pay more for healthcare is that tax increase. >> a lot not happy with the nsa surveillance. >> younger voters more skeptical of government surveillance it seems. division that a lot of people hadn't heard of edward snowden and evenly split whether he was a patriot or traitor among those who had heard of him....
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no surprise, again, that they are not touching any of the big issues of tax increases or entitlement reforms, but it is good to see they are making a good-faith effort to come together, even though we have the two sides, republicans and democrats have come together to reach a broader outline for a deal, it is still going to take some convincing. some are not happy about having to pay higher premiums for their pensions, so it is something that both sides are still going to have to do a lot of donencing, that we are not and are not closed yet. >> thank you. we will continue to follow this washington. i went to get to some breaking news, and this from the -- i want to get to some breaking news. developing wearable technology, according to two people familiar with this. conn will provide office space and services to at least 20 companies. they are trying to diversify some revenue stream as things threaten to do rail their traditional business. to -- i, i went to go want to go to someone who helped to break this story. first of all, tell us what you know about the actual fund. >> good mor
no surprise, again, that they are not touching any of the big issues of tax increases or entitlement reforms, but it is good to see they are making a good-faith effort to come together, even though we have the two sides, republicans and democrats have come together to reach a broader outline for a deal, it is still going to take some convincing. some are not happy about having to pay higher premiums for their pensions, so it is something that both sides are still going to have to do a lot of...
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Dec 2, 2013
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unclear how it would be with taxes but not registered in the united states. >> thank you. we'll see you tomorrow. >> i'll see you tonight on "fast." "closing bell" is up next. >>> welcome to the "closing bell." i'm kelly evans at the new york stock exchange. >> i'm bill griffeth. we need an 11-point gain on the dow to hit an all-time high. >> we won't get it. >> i don't think so. >> we're 50 points away. >> anything's possible. >> the s&p 500 looks a little better. barely positive, if it closed higher it will be a couple
unclear how it would be with taxes but not registered in the united states. >> thank you. we'll see you tomorrow. >> i'll see you tonight on "fast." "closing bell" is up next. >>> welcome to the "closing bell." i'm kelly evans at the new york stock exchange. >> i'm bill griffeth. we need an 11-point gain on the dow to hit an all-time high. >> we won't get it. >> i don't think so. >> we're 50 points away. >>...
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the tax was challenged by amazon and overstock, the tax stays in place at the state level. to the big board, where are we this monday morning? we were going to go up and wrong, down 31 points as of now. as for the price of gold this monday morning, we're down there, too, off $16 an ounce, back to 1234. according to the national retail federation, on-line sales accounted for 44% of total black friday retail sales and shoppers avoided the parking lots and long lines and according to our next guest, the disastrous state of the sales. and two people got it wrong, bricks and mortar. number one is gap, what did they do wrong? >> gap is looking like a winner, old your horses, this is a company cut that numbers to make an earnings. and yes, you have to make basically the stores messy, large piles of clothes, banana republic, gap, old navy, instant markdowns. stuart: the stock is up 2 1/2% despite what you're saying about the state of the stores. >> nobody people were talking about the stores were in disarray and didn't have enough employees and you're supposed to put your best foot
the tax was challenged by amazon and overstock, the tax stays in place at the state level. to the big board, where are we this monday morning? we were going to go up and wrong, down 31 points as of now. as for the price of gold this monday morning, we're down there, too, off $16 an ounce, back to 1234. according to the national retail federation, on-line sales accounted for 44% of total black friday retail sales and shoppers avoided the parking lots and long lines and according to our next...
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people doing tax planning before the end of the year? >> the people i talked to on the retail side are talking about not selling, trying to carry profits into next year. that's what we see on the retail side. my timing models that called for pullback, are calling for a pullback here. they say it's a go ahead time to be cautious. if you get a pullback i think it sets up the fabled santa claus rally like your previous guest -- >> what's going on bob? >> we have weakened going into the close the last couple of weeks. interest rate stocks are under pressure. ism is strong, setting up the possibility of a strong jobs report on friday. interest rate sensitive groups are getting hit hard housing, telecom is weak. this might be still about what the fed is doing, tapering becomes more likely on friday and that's bothering the market. >> you think,fy read you correctly, the dips we've seen bought left and right this is another dip to buy? >> i don't think it's right right here, but further down if we break the 1760 area you could get a 5% 7% pullb
people doing tax planning before the end of the year? >> the people i talked to on the retail side are talking about not selling, trying to carry profits into next year. that's what we see on the retail side. my timing models that called for pullback, are calling for a pullback here. they say it's a go ahead time to be cautious. if you get a pullback i think it sets up the fabled santa claus rally like your previous guest -- >> what's going on bob? >> we have weakened going...
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Dec 4, 2013
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funny, we walked into december saying it's the best time of the year, why would you want to pay the tax year? >> there's a lot of people positioning themselves for a big number on friday in the nonfarm payroll. they say why not teak profits. alternatively there's a vacuum of information and people say i got a great year. i'm concerned only that when you get to 3 there will be another wave of selling and that may be when you buy. that wave of selling. not this wave. >> do a little picking. always good to pick. >> we did come into this week giving all the reasons why there were very few reasons to sell. >> and that was bad. i fell into that complacency. by the way, there is one place where we saw -- i want to point out i like oil here. you have opec saying all the right things, you have no real cutbacks. you have this glut finally ending because you finally got the selling keystone part out of curbing. that is very good for the domestic oil companies and not so good for the refiners. >> the biggest losers this morning, valero -- >> a lot of people said goi goto get into refineries, i got
funny, we walked into december saying it's the best time of the year, why would you want to pay the tax year? >> there's a lot of people positioning themselves for a big number on friday in the nonfarm payroll. they say why not teak profits. alternatively there's a vacuum of information and people say i got a great year. i'm concerned only that when you get to 3 there will be another wave of selling and that may be when you buy. that wave of selling. not this wave. >> do a little...
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they'll be able to pay more in taxes and you won't have to pay more. you and i won't have to pay more into the social service system. >> thomas? >> the expectation from organizers is that workers will walk out from behind the counters and join the demonstrators. >> have you seen anybody from this location actually do that? >> reporter: i have not seen -- i have not seen anyone from this location actually do that. to be fair, though, they're completely block the entrance and i can't tell if anybody's been able to walk out. no one has been able to get in there, if anyone has walked off the job they've melded into the crowd. i have not seen that why the. >> thanks so much. we appreciate it. >> today's protests were also the subject of the question of the day. do you think today's protestses will have any impact on the living wage debate? steven tweeted, not as long as there are greedy execs who don't care about anything, but their profit. wise guy shares this. the minimum wage issue is a band-aid on a bleeding economy and from izy, i can appreciate low-wa
they'll be able to pay more in taxes and you won't have to pay more. you and i won't have to pay more into the social service system. >> thomas? >> the expectation from organizers is that workers will walk out from behind the counters and join the demonstrators. >> have you seen anybody from this location actually do that? >> reporter: i have not seen -- i have not seen anyone from this location actually do that. to be fair, though, they're completely block the entrance...
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millions paid out $650 million, the prize split three ways, each winner took home 300 million after taxes, not to complain about that. one prize was actually never claimed. a single winner in tuesday's drawing would take home $184 million in cash. >>> coming up next, we continued to track the severe weather all around the country where snow and ice are causing problems for drivers and property owners. we'll be right back. i minut . >>> the winter blast we're feeling here in the bay area is also being felt across this country, oregon is digging out from heavy snow, and in texas, temperatures during the week gave way to freezing temperatures and closing schools, cancelling more than a thousand flights. today's marathon in memphis, tennessee was also cancelled. road crews across much of the country are bracing for a very busy weekend. it is a mess out there. and here in california, check out the time lapse video showing the snow that built up overnight. they reported seeing 18 inches of snow by this morning. meteorologist anthony slaughter is keeping track of all of this. it is cold out ther
millions paid out $650 million, the prize split three ways, each winner took home 300 million after taxes, not to complain about that. one prize was actually never claimed. a single winner in tuesday's drawing would take home $184 million in cash. >>> coming up next, we continued to track the severe weather all around the country where snow and ice are causing problems for drivers and property owners. we'll be right back. i minut . >>> the winter blast we're feeling here in...
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they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an already-strained budget in new york. >> that's right. new york already has when you combine city and state taxes one of the highest tax burdens in the country. it devastated new york state. look at up state. again to think new york city's impervious to these kind of demand, look what happened in the 1960s and '70s they literally drove the city to bankruptcy. so why start on that path again? david: let's talk a little bit about the rhetoric of income disparity. we heard the president talking about it. there is bigger gap between the richest and po
they look at death taxes. they look at income taxes. even though they candying up some studies every now and then that purport to show this has no effect, the fact is a lot of people move to florida, people move to texas and some people even move to states like wyoming, nevada and state of washington. david: people affected are very small, 1.4%, but when you look at the disproportionate amount of money that 1.4% pays in tax, that could be a big, if they move out, that could be a big crimp in an...
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they came up with the negative income tax which led to the income tax credit that's helping a lot of poor people. they came up, dare i say it, with health care exchanges which president obama put into law. they came up with revenue sharing to help stress state and local government. they're turning their own back on their own history. not just on liberal ideas. >> you know, congressman, a lot of people -- this was brought home when they realize you're talking about children. there was as i said this very arresting article in "the new york times" this morning front page that i read very early this morning. about this 11-year-old named sesani. and it brought to mind when the president was speaking on income inequality. he talked about children in poverty. listen. >> the idea that a child may never be able to escape that poverty because she lacks a decent education or health care or a community that views her future as their own. that should offend all of us. and it should compel us to action. we are a better country than this. >> i mean, when we get to the point where children in no fau
they came up with the negative income tax which led to the income tax credit that's helping a lot of poor people. they came up, dare i say it, with health care exchanges which president obama put into law. they came up with revenue sharing to help stress state and local government. they're turning their own back on their own history. not just on liberal ideas. >> you know, congressman, a lot of people -- this was brought home when they realize you're talking about children. there was as i...
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to set some spending so we can have regular order, to change some of the sequester , and no big, new taxes. no big changes in entitlements. --s that just sound like does that gist semi-something the president can work with? >> you need to see the specifics. the democrats are pretty unified in terms of the things that are most important. one of the most important things , which will be a framing concept of what you accept, we of the at this stage economic recovery, we are recovering. we are getting there. we want to have this agreement be a part of what can further support economic growth and job creation. sequester, replace which are cuts to discretionary , replace that with longer-term issues. we maintain deficit reduction in , but for right now, what we need now is a little more that. that is one of the most important parameters. >> one of your most important priorities is -- >> replacement of the sequester. cuts across the board. the sequester was a tool that was put in lace -- it was a threat. -- put in place. it was a threat. we are in a situation where both republicans and democrats
to set some spending so we can have regular order, to change some of the sequester , and no big, new taxes. no big changes in entitlements. --s that just sound like does that gist semi-something the president can work with? >> you need to see the specifics. the democrats are pretty unified in terms of the things that are most important. one of the most important things , which will be a framing concept of what you accept, we of the at this stage economic recovery, we are recovering. we...
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. >> meaning the state would take the taxes collected from all over the state and it would go back out -- >> yeah, parse it out. one was because of the detroit losing population. most of it, $44 million, what was a state la that went into effect in 2012 just before the city ran out of cash. >> they pass a bill that takes $47 million out of the ledger of detroit, and detroit files for bankruptcy. >> then the emergency manager appointed by the governor, who is virtually a dictator, did the bankruptcy filing. it was the governor's agent. >> the judge said there is not enough evidence to say the fix was in, what was your opinion of -- when people look at detroit, they say classic story of big government gone awry. too many employees and pensions, why did detroit go bankrupt? >> the numbers just don't depict that. we took a good look at the numbers, the great reception drove unemployment up to 30%. it was a devastating event. since the great depression, they cut their budget by 38%. >> so they are spending 38% less? >> yes. the number of employees per capita in detroit, there is many fewer
. >> meaning the state would take the taxes collected from all over the state and it would go back out -- >> yeah, parse it out. one was because of the detroit losing population. most of it, $44 million, what was a state la that went into effect in 2012 just before the city ran out of cash. >> they pass a bill that takes $47 million out of the ledger of detroit, and detroit files for bankruptcy. >> then the emergency manager appointed by the governor, who is virtually a...
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so as we approach tax season, that's one to watch. by the way they report earnings after today's closing bell. one stock you will want to watch hrb. what about one of the biggest companies in the world, we're talking about exxon mobil, yeah, it's been an underperformer relative to the overall market but hit an all-time high yesterday and it was the second best performing stock in the dow last week. over the course of the shorter term this stock has been up about 2% to 3% in the last couple weeks. when we talk about stocks it's not always about the momentum, guys. sometimes these big names can manifest themselves in great stock performance even over the shorter and longer term. >> thank you very much. talking about studs, dominic chu. >>> yesterday herb told us he was having a hard time, he was having a hard time picking his worst ceo of the year list. he reached out to you, dear viewer, asked you to help him and, i believe, you delivered. bring herb back in with an update. >> it is very interesting. they said there are a number of peo
so as we approach tax season, that's one to watch. by the way they report earnings after today's closing bell. one stock you will want to watch hrb. what about one of the biggest companies in the world, we're talking about exxon mobil, yeah, it's been an underperformer relative to the overall market but hit an all-time high yesterday and it was the second best performing stock in the dow last week. over the course of the shorter term this stock has been up about 2% to 3% in the last couple...
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the way to get it working again is to lower taxes. increase domestic energy production and that policy could really be revamped. it's really a shame. workers are poised to create a lot of new jobs. they have the capital to do so. the number one reason they're not doing it is because of the obama care mess. they'll have a wait and see attitude, see if they'll add workers full time or hire new workers and actually quite the opposite, laying people off and keeping them below full time until this obama care problem is solved. >> i'm going to give you a moment to respond there. let me jump in there. where rick leaves off. of course we know a steady climb in employment is better than being stagnant. apart from what rick is considering obama care as a blocker, what would you say are some of the blockers that are preventing more robust job growth to the point where we have that happy days are here feeling that permeates the air? >> i don't think obama care is the thing that is doing it because frankly i think most larger groups, corporations
the way to get it working again is to lower taxes. increase domestic energy production and that policy could really be revamped. it's really a shame. workers are poised to create a lot of new jobs. they have the capital to do so. the number one reason they're not doing it is because of the obama care mess. they'll have a wait and see attitude, see if they'll add workers full time or hire new workers and actually quite the opposite, laying people off and keeping them below full time until this...
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so he saves on taxes by playing for seattle. >> a lot on taxes. >> a lot. he pockets an extra $42 million in annual taxes by paying for the mariners where he would pay about $504,000 a year versus more than $2 million if he stayed with the yankees. what does it mean in terms of net pay? well, net pay per year under the yankees' offer would be $12.3 million. with the mariners, $12.8 million. >> it changes everything. >> it certainly does because that means the net pay over the contract life for the mariners worked out to $128 million for 10 years whereas for the yankees, again, the best offer they made, $86 million for seven years. $42 million more. you can buy a lot with that. >> which other team -- clearly, working in seattle isn't so bad after all. >> no. >> which other teams offer a good tax deal? >> robert raiola was telling us that in fact the teams you want to play for, those based in seattle or texas because texas also doesn't have a state tax treatment. and based on the 2013 schedule, he created a jock tax index. and miami marlins, houston astros, s
so he saves on taxes by playing for seattle. >> a lot on taxes. >> a lot. he pockets an extra $42 million in annual taxes by paying for the mariners where he would pay about $504,000 a year versus more than $2 million if he stayed with the yankees. what does it mean in terms of net pay? well, net pay per year under the yankees' offer would be $12.3 million. with the mariners, $12.8 million. >> it changes everything. >> it certainly does because that means the net pay...
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you can get back to work your effective tax rate is so high as those benefits fade out or go away it's a disincentive and a trap to climb out of poverty. you need to work how to make the programs work better so it's more of a slope getting out. obama care, unemployed on medicaid, you go back to work you lose your health insurance. >> if you look at the statistics about federal assistance programs, people getting unemployment, long-term unemployed are three times more likely -- looking for work three times harder than average recipients of unemployment benefits because of provisions that make it difficult to be on federal assistance programs without looking for work or being a lazy welfare queen. >> you have people faced with the choice of being out of work, medicaid, low wage job without health insurance, it's a very challenging situation for people. you need to come up with a way to structure these programs so they support people in need and continue to support them as they are low wage workers so they can climb out of poverty. >> as a farm bill, everybody knows, deals with it knows t
you can get back to work your effective tax rate is so high as those benefits fade out or go away it's a disincentive and a trap to climb out of poverty. you need to work how to make the programs work better so it's more of a slope getting out. obama care, unemployed on medicaid, you go back to work you lose your health insurance. >> if you look at the statistics about federal assistance programs, people getting unemployment, long-term unemployed are three times more likely -- looking for...
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most would say legalize marijuana, tax and regulate it. stop criminalizing people for drug possession. make a commitment to treating it. for those determined to get their drugs. they'll get it from the black market. look at what the europeans have done, allowing heroin addicts getting heroin from clinics. that's not legalisation, it's a policy advancing public safety. >> if prohibition and punishment as the main punishments is breaking up, why is that happening now? >> there are many reasons. now we are seeing the public health outcomes of the failed policies, that's mostly in europe. we are seeing in latin america the violence that is increasing significantly over the last number of years. so i think on those continents there's increased unrest and disappointment with the counter policies as they stand. those are being articulated more clearly. there's a number of countries, switzerland and others, that have implemented sensible drug policies, and we have much to others. >> hasn't the international experience been buried in some places. i
most would say legalize marijuana, tax and regulate it. stop criminalizing people for drug possession. make a commitment to treating it. for those determined to get their drugs. they'll get it from the black market. look at what the europeans have done, allowing heroin addicts getting heroin from clinics. that's not legalisation, it's a policy advancing public safety. >> if prohibition and punishment as the main punishments is breaking up, why is that happening now? >> there are...
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in taxes versus revenue? that is where the democrats have their sticking point is they love to spend money that we don't have and republicans are insistent if we have any spending constraint it has to be found in tax savings or tax increases but you cannot have one without the other, that is the real sticking point here. you have immigration. adam: the business community wants some sort of immigration bill to get through congress. any chance we would see this happening or would this be continued delay, delay, delay? >> this would be after the congress in january because it is too big. in order for immigration to succeed it will not be an ominous bill like we had with obamacare. we need incremental bills on immigration talk about security pathway to citizenship, taxation and those type of things in order for immigration bill to go forward. which comes first, the chicken or the egg? a pathway to citizenship. these are the things that have to be ironed out in the open. it also has to be incremental. it cannot be
in taxes versus revenue? that is where the democrats have their sticking point is they love to spend money that we don't have and republicans are insistent if we have any spending constraint it has to be found in tax savings or tax increases but you cannot have one without the other, that is the real sticking point here. you have immigration. adam: the business community wants some sort of immigration bill to get through congress. any chance we would see this happening or would this be...
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your tax cheat if you are not paying your sales taxes. and people are paying big bucks for sports memorabilia. from the ballfield may be. people pay money for anything. that is what they are paying for a barrel of oil. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their0-year lipper average t. rowe price. invest with confidence. with investment information, risks, fees and expenses to read and consider carefully before investing. daymac new home sales surging in october taking home builder stocks with them. nicole petallides is at the stock exchange. >> helped to bring them off of the lows of the day, they are not far off of the unchanged line but the new home sales numbers came in and beat the street expectations with a rise of 20.4% to 440,000 beating the estimate of 426,000. of up arr
your tax cheat if you are not paying your sales taxes. and people are paying big bucks for sports memorabilia. from the ballfield may be. people pay money for anything. that is what they are paying for a barrel of oil. [ male announcer ] how can power consumption in china, impact wool exports from new zealand, textile production in spain, and the use of medical technology in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of...
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republicans do not want to raise any taxes. democrats say we're not going to do what you want if you're not going to do what we want. where do you find common ground in the circumstance? there's not a lot. a lot of people are predicting they'll make very small changes around the margins, that's what i suspect will happen. >> when you say the narrative that way, it does tilt it a little bit. proposed social security cuts in his own budget, something that tour'e's point, elizabeth warren is actively campaigning against. i wouldn't say they were on the 50 yard line. they were looking at social safety net requirements and that's wasn't enough for republicans to go anywhere in revenue. >> that's entirely fair. when you look at the republicans you're looking at the political party that is now -- its base is elderly people more than anything else. on the one hand ideologually want to curtail social security and medicare and political base that says don't take our social security and medicare away. they are in the position of saying, d
republicans do not want to raise any taxes. democrats say we're not going to do what you want if you're not going to do what we want. where do you find common ground in the circumstance? there's not a lot. a lot of people are predicting they'll make very small changes around the margins, that's what i suspect will happen. >> when you say the narrative that way, it does tilt it a little bit. proposed social security cuts in his own budget, something that tour'e's point, elizabeth warren is...